Tag: 420Intel

Odours from beef, lavender farms fail to raise the same stink among neighbours as planned cannabis operation in Ridgeway, Ont.

A 30-acre lot in Ridgeway, Ont. is set to become a brand-new cannabis farm, but not if locals can help it. The property was sold earlier this year for about $600,000 after a few months on the market, with the intention of turning it into a production and cultivation facility for Greenherb Farms. But as the land is prepared for…

Hexo says unlicensed pot grown at now-shuttered Niagara facility

A “limited quantity” of unlicensed cannabis was grown inside a Niagara, Ont. facility that Quebec-based Hexo Corp. acquired from Newstrike Brands Inc. earlier this year, with a “tiny” amount of that pot entering the market, the company’s chief executive said. In a release late Friday, Hexo said once the company discovered that unlicensed cannabis was being cultivated in “Block B,” a…

Which top Canadian marijuana stock was the biggest earnings week loser?

Let me settle one thing right off the bat: There were no winners among the biggest Canadian cannabis producers during the frenzy of earnings results announced last week. Aurora Cannabis (NYSE:ACB), Canopy Growth (NYSE:CGC), Cronos Group (NASDAQ:CRON), and Tilray (NASDAQ:TLRY) each performed horribly.  But which of these big three Canadian marijuana stocks was the biggest loser of all? It depends on how you look at their performances. The tale of the tape The…

10 Reasons it’s too soon to give up on Aurora Cannabis

You might be ready to abandon hope for Aurora Cannabis (NYSE:ACB). That’s understandable after the company’s ugly fiscal 2020 first-quarter results. The Canadian cannabis producer’s revenue is falling. Its bottom line is deteriorating. Don’t let seemingly positive net income resulting from accounting for derivative liabilities fool you on that front. Aurora continues to burn through its cash. Aurora’s path to success might seem…

Country’s first craft cannabis co-operative ready to take root in Taber

Grasslands Taber Cooperative CEO Lindsay Blackett, a former Alberta PC government cabinet minister will start the country’s first cannabis cooperative ready to take root in Taber on Thursday, November 14, 2019. Darren Makowichuk/Postmedia As grain elevators tumble to time, a terminal accepting cannabis shipments could soon be a replacement on the southern Alberta prairie. That’s the goal of a group…

Aurora halts construction of two cannabis facilities to conserve cash

Aurora Cannabis Inc. is halting construction of two production facilities to save over $190 million as part of a plan to strengthen its balance sheet. The Edmonton-based cannabis producer says it will immediately cease construction of its Aurora Nordic 2 facility in Denmark to save about $80 million over the next year. The company will also indefinitely defer completion of…

One of Canada’s oldest medical cannabis dispensaries just got raided. And people are not happy

Members of the Victoria Cannabis Buyers Club are banding together in protest as a result of club’s Thursday raid — and subsequent shut-down — by B.C.’s Community Safety Unit. The non-profit compassion club, which was founded nearly 25 years ago, has operated an unlicensed dispensary in Victoria for the past 18 years to provide affordable medical cannabis to patients in…

P.E.I. cannabis company expanding

P.E.I. cannabis producer FIGR is expanding its facility, located in Charlottetown — a move that will allow it to increase its production by 20 times.  The company received approval from Health Canada last week for a licence amendment to allow the facility to operate an additional 210,000 square feet.  About 46,000 square feet of the added space will be dedicated to processing, and 164,000 square feet will…

Are marijuana stocks worth it?

Only a year ago, we saw the majority of pot stocks in the industry rise alongside the whole of the market. It seems as though the most recent volatility has all but shifted that notion. The current state of pot stocks seems to remain highly volatile, but it does look like the industry is on its way to maturing. Currently,…